The healthcare industry is a highly regulated and ever changing business environment. That’s why, in order to stay competitive and be successful, it is more important than ever that your practice has access to high-quality guidance and support from a trusted financial and business advisor.
At Lefstein-Suchoff CPA & Associates. LLC, a NJ CPA firm and a NY CPA firm, we understand the challenges medical practices are facing and we can help. We’re different from most Manhattan Medical Accountants because we bring experience working directly with healthcare industry professionals. We work with: all types of medical doctors, surgeons, medical groups, dentists, orthodontists, chiropractors, physical therapists, optometrists, psychologists, speech pathologists, occupational therapists, and other health professional.
When you work with our CPA firm we will:
- Develop a plan to address the accounting, bookkeeping, medical billing and tax needs of your your medical or dental practice.
- Provide you with medical practice consulting and advisory services that help simplify complex operational and management issues.
- Share our expertise and understanding of healthcare organizations, the trends and challenges in the industry.
- Keep you apprised of tax credits indigenous to the medical community.
Your peers have turned to Lefstein-Suchoff CPA & Associates. LLC. to focus on their numbers, so that they can focus on patient care. This understanding allows us to facilitate informed business strategies, while lowering taxes, reducing costs and maximizing profits.
What We Offer Our Healthcare Specialists:
- All tax services
- Outsourced Accounting Controllership
- Medical Billing
- Cost Reporting Medicare/Medicaid
- Strategic Tax Planning & Preparation
- QuickBooks® Accounting
Contact us for a free Consultation! Call us today at 646-688-2807 or 201-947-8081, or email us at firstname.lastname@example.org, to discuss your needs with an experienced NY CPA or NJ CPA.
TAX TIPS FOR MEDICAL PRACTITIONERS:
The Section 179 Deduction Limit for 2015 is $500,000. This deduction is good on new and used equipment, as well as off-the-shelf software. This limit is only good for 2015, and the equipment must be financed or purchased and put into service by the end of the day, 12/31/2015. The 2015 Spending Cap on equipment purchases is $2,000,000. This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your practice begins to be reduced on a dollar for dollar basis.
Bonus Depreciation for 2015 is generally taken after the Section 179 Spending Cap is reached. Note however, that the Bonus Depreciation is available for new equipment only.
There is also the Disabilities Access Tax Credit. Pursuant to the Americans with Disabilities Act enacted in 1990, employers have been required to make their workplaces accessible to employees and customers with disabilities. You can receive the tax credit for improvements to your business which remove barriers, like making a rest room door wider, and for new or modified equipment or devices to help disabled individuals. You may also be eligible for credit for: interpreters such as the case for a hearing-impaired employee; or means of helping a visually-impaired employee see better; or you may even purchase a special x-ray machine, for example, that meets the criteria for individuals with disabilities. You can take a tax credit for 50 percent of eligible expenditures over $250 up to $10,500 a year. So your tax bill can be reduced by up to $5,000. The tax credit is available only for businesses with gross receipts of $1 million or less, or fewer than 30 employees
Areas of Services: Manhattan Medical Accountant, NYC Medical Accountant, New York City Medical Accountant, Medical Accountant 10019